Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Swedish Krona/Canadian Dollar (FOREX:SEKCAD)
Long-Term Downtrend (-90) - SEKCAD is in a strong downtrend that is likely to continue. While SEKCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SEKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKCAD
The long-term trend has been DOWN since Oct 6th, 2021 at 0.14332126
The intermediate-term trend has been DOWN since Aug 16th, 2022 at 0.12419250
The short-term trend has been DOWN since Aug 12th, 2022 at 0.12644904
Smart Scan Analysis for SEKCAD
Based on our trend formula, SEKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).